🚀Elon`s dogo DUMP again! Where is the enrty point to long?
Notes a significant increase in activity on the DOGE and SHIB networks. Something uncommon is coming for this 2 dogo but let`s analyse not only the fundamentals but the technical.
I mentioned the possible scenario for Doge with the breakout of the trendline but alt made the pump before it. Only after this Dogecoin starts to follow the scenario.
Now we see that the volume decrease with each pumps what shows us the divergence on the volumes and lack of sellers at the end. Finally, the price break the trendline and retest it as resitance.
I expect the continuation of the fall after the some pullback. If the price reach the value area of $0.055-0.058 it will be the huge support for the price.
📊After this we need to look for:
🔶 volume growth on the liquidation of the retail traders who bought at the highs
🔶 squeeze to the trendline
Additionally, it will be good to see the local trap of short traders at the bottom. They will become the fuel fot the growth and price will pump higher.
📊The potential targets:
🔶 the key level of $0,72
🔶 the value area of $0,08-0,084
✅Traders, if you have a question about how to trade the trendline breakout or other trading tips write down in the comment or to DM!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
I mentioned the possible scenario for Doge with the breakout of the trendline but alt made the pump before it. Only after this Dogecoin starts to follow the scenario.
Now we see that the volume decrease with each pumps what shows us the divergence on the volumes and lack of sellers at the end. Finally, the price break the trendline and retest it as resitance.
I expect the continuation of the fall after the some pullback. If the price reach the value area of $0.055-0.058 it will be the huge support for the price.
📊After this we need to look for:
🔶 volume growth on the liquidation of the retail traders who bought at the highs
🔶 squeeze to the trendline
Additionally, it will be good to see the local trap of short traders at the bottom. They will become the fuel fot the growth and price will pump higher.
📊The potential targets:
🔶 the key level of $0,72
🔶 the value area of $0,08-0,084
✅Traders, if you have a question about how to trade the trendline breakout or other trading tips write down in the comment or to DM!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Get access to the private club with VIP signals
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.